Voltalia and its partner TAQA Arabia, signed a framework agreement during the Egypt-EU Investment Conference 2024, which was held on June 29 and 30 in Cairo. The Egypt-EU Investment Conference was held under the auspices of Ursula von der Leyen, President of the European Commission, and Abdel Fattah El-Sisi, President of the Arab Republic of Egypt. With its partner TAQA Arabia.

The framework agreement is a continuation of a Memorandum of Understanding (MoU) signed in December 2022 to develop a cluster combining green hydrogen production with renewable power generation. The project will be implemented in two identical phases, each comprising a 500-megawatt electrolyzer powered by more than 1.3 gigawatt of solar and wind energy. The facility will have an annual production capacity exceeding 350,000 tons of hydrogen for each phase.

It will be located at a greenfield site near Ain Sokhna port in the Suez Canal Economic Zone. The signing ceremony was attended by H.E. Dr. Mostafa Madbouly, Egypt?s Prime Minister, H.E. Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy, and Dr. Hala Al-Saeed, Minister of Planning and Economic Development. Representatives from the Egyptian government included Mr. Ayman Soliman, CEO of the Sovereign Fund of Egypt (TSFE), Mr. Waleid Gamal El-Dein, Chairman of the General Authority of Suez Canal Economic Zone (SCZONE), Dr. Mohamed El-Khayat, Executive Chairman of the New and Renewable Energy Authority (NREA), and From TAQA Arabia Eng.

Khaled AbuBakr, Chairman of TAQA Arabia and Ms. Pakinam Kafafi, CEO of TAQA Arabia, On Voltalia?s side, Eng. Karim El Azzawy, Voltalia?s Country Manager for Egypt and Jordan, and Ms. Angela Africano, Voltalia?s Head of Special Projects.